Dhoot Transmission shares worth over ₹850 crore become free to trade
In short
Dhoot Transmission shares worth more than ₹850 crore are becoming tradable today when the lock-in ends. The company’s IPO had a fresh issue of ₹1,400 crore and an offer for sale of about 1.9 crore shares.
More shares coming into the market can affect the stock’s price in the near term. Investors will watch how trading reacts.
What the reporting says
Dhoot Transmission shares worth over ₹850 crore are set to come free for trading today as the lock-in period ends. The IPO included a fresh issue of equity shares worth ₹1,400 crore and an offer for sale of around 1.9 crore shares by existing shareholders, including Bain Capital. The expiry of the lock-in can add supply to the stock and may affect near-term trading.
Why it matters
Dhoot Transmission shares worth over ₹850 crore are set to be free for trading today as the lock-in ends. The company’s IPO included a fresh issue of equity shares worth ₹1,400 crore and an offer for sale of around 1.9 crore shares by existing shareholders, including Bain Capital. The lock-in expiry can increase available supply in the stock.